United Benefit Advisors Insight and Analysis Blog

DOL’s Annually Adjusted Federal Penalties

By Karen Hsu, Director of Compliance at United Benefit Advisors
  Feb 28, 2019 3:47:52 PM

shutterstock_434519134DOL’s Annually Adjusted Federal Penalties

 On January 23, 2019, the Department of Labor (DOL) issued its Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2019 which is the DOL's annual adjustment of federal civil monetary penalties.

Here are some of the adjustments:

  • Form 5500: For failure to file, the maximum penalty increases from $2,140 to $2,194 daily for every day that the Form 5500 is late.
  • Summary of Benefits and Coverage: For failure to provide, the maximum penalty increases from $1,128 to $1,156 per failure.
  • Medicaid/CHIP notice: For failure to provide, the maximum penalty increases from $114 to $117 per day per employee.
  • For failure to provide documents to the DOL upon its request, the maximum penalty increases to $156 per day, not to exceed $1,566 per request.

The adjustments are effective for penalties assessed after January 23, 2019, for violations occurring after November 2, 2015.

Topics: Adjustments, Department of Labor, inflation